Bank Of Georgia Group Regulatory News (BGEO)

London, 21 April 2023

Bank of Georgia Group PLC Announces Changes in Executive Management Team

Bank of Georgia Group PLC (the "Company") announces that Mr Levan Kulijanishvili, currently serving as Deputy CEO - Chief Operating Officer (COO) of JSC Bank of Georgia (the "Bank") will step down from his role with effect from 12 May 2023. His primary duties will be temporarily handled by the Bank's CEO until a replacement COO is identified either internally or externally. 

"I'd like to thank Levan for his many years of dedication to the Bank," the Group's CEO, Archil Gachechiladze, commented. "Levan had a significant role in the Bank's operations, and, on behalf of the management team and the Board, I wish him success in his future endeavors. I will temporarily oversee the functions under the COO until we hire a successor. Going forward we will focus on refreshing and further digitising the Bank's back office operations in line with our strategic priorities."

Name of authorised official of issuer responsible for making notification: Nini Arshakuni, Head of Investor Relations

About Bank of Georgia Group PLC

Bank of Georgia Group PLC (the "Company" - LSE: BGEO LN) is a FTSE-250 company. Its core entity is JSC Bank of Georgia ("Bank of Georgia", "BOG", or the "Bank"), a digital banking leader in Georgia that provides a suite of banking and financial services to retail clients and businesses. By building on its competitive strengths, the Group is committed to delivering strong profitability sustainably and maximising shareholder value.

Legal Entity Identifier: 213800XKDG12NQG8VC53

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